Adding value to the business
Recent events in the US, UK and globally have elevated discussions about the role of lawyers inside companies. Corporate general counsel and legal departments face new responsibilities, heightened expectations and unprecedented challenges in the new, post-Enron business environment. Jonathan Bellis at PricewaterhouseCoopers tracks the trends in US in-house functions during the past 20 years and provides an insight into future challenges for general counsel
Some of the characteristics of top performing legal functions are intrinsic and permanent. Other dimensions have evolved over the years in response to a range of forces. The dynamic elements of the inside lawyer’s role have been driven by new models and approaches to corporate management, evolving client expectations regarding legal services and trends in the external legal market and legislative/ regulatory environment. Combined, these static and dynamic elements represent the characteristics of a value-added inside counsel role.
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